Professional Transformation: The History of the Loss Prevention Industry
•Professional Transformation: The History of the Loss Prevention Industry
By Gus Downing, CEO, Downing & Downing, Inc.
When we look at the history of Retail Loss Prevention, we see a slow evolution of the private law enforcement industry, otherwise known as the Security Industry, into today's somewhat sophisticated Asset Protection industry. This evolution, which is in its fifth decade, was started by individuals who came straight out of the public law enforcement communities.
It delivered the service of policing Retail America - methodologies which satisfied the retailers for a time. However, in the mid to late 60's, senior management began wanting more for their money than the mere detection and apprehension of thieves. They began asking the industry, "How do we get in front of the problem and start PREVENTING the losses?" From this demand came the new title of "Loss Prevention".
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